Pakistan's benchmark share index slumped 5% on Monday following the tumble in global markets. A 45-minute market halt was triggered following the slump. The benchmark index rose last week after Pakistan slashed energy tariffs for domestic and industrial users,

President Trump’s tariff plans are much more severe than many traders feared, driving a steep selloff in evening trading. U.S. stock-index futures dropped in off-hours trading as investors parsed the details of Trump’s sweeping new tariff policies.

The S&P’s 9% loss since last Friday makes this stocks’ worst week since March 2020 and the fifth-worst week of the last 20 years, trailing only losses sustained in October 2008 and early 2020.

The move could bolster Intercontinental Exchange-owned NYSE, which on Monday became the first exchange to operate in Texas.

The Pakistan Stock Exchange plunged over 2,600 points on Wednesday, with the KSE-100 index falling to 112,910 amid investor panic and political uncertainty. Market analysts warn of continued volatility.

Palantir Technologies relisted its stock for that very purpose last year, and the decision paid off. The company was added to the Nasdaq-100 on Dec. 23, and its share price has since climbed 7% as of April 2, despite a decline in all three major U.S. stock market indexes over the same period.

This week brought significant daily declines across major stock markets.The drops followed President Donald Trump's Wednesday announcement on tariffs, which include a 10% baseline tariff for all imports from all foreign countries,

The Mexican peso and stock market sank Friday after China announced retaliatory tariffs against the U.S., fanning fears of global recession.